Spirit Airlines Files Routine 8-K on Feb 22

TL;DR

**Spirit Airlines just filed a routine 8-K, nothing major to see here.**

AI Summary

Spirit Airlines, Inc. filed an 8-K on February 22, 2024, reporting an "Other Events" item. The filing indicates no specific new material events, but rather serves as a routine update to the SEC. The company's business address is 2800 Executive Way, Miramar, Florida 33025, and its telephone number is 954-447-7920.

Why It Matters

This filing is a standard regulatory update, indicating no immediate significant changes or disclosures from Spirit Airlines, Inc. It ensures ongoing transparency with the SEC and investors.

Risk Assessment

Risk Level: low — The filing is for 'Other Events' and does not disclose any new material information that would indicate a change in risk.

Key Numbers

• 001-35186 — Commission File Number (SEC identification for Spirit Airlines)
• 38-1747023 — IRS Employer Identification Number (Tax identification for Spirit Airlines)

Key Players & Entities

• Spirit Airlines, Inc. (company) — registrant
• February 22, 2024 (date) — date of report
• 2800 Executive Way, Miramar, Florida 33025 (company) — business address
• 954-447-7920 (dollar_amount) — registrant's telephone number
• Delaware (company) — state of incorporation

FAQ

Key Financial Figures

• $0.0001 — ange on which registered Common Stock, $0.0001 par value SAVE New York Stock Exchange
• $0.10 — ("JetBlue") announced that it will pay $0.10 in cash per outstanding share of Common
• $11.568 — he PSP1 Warrants has been adjusted from $11.568 to $11.393, and the number of warrant s
• $11 — rants has been adjusted from $11.568 to $11.393, and the number of warrant shares i
• $20.065 — he PSP2 Warrants has been adjusted from $20.065 to $19.761, and the number of warrant s
• $19 — rants has been adjusted from $20.065 to $19.761, and the number of warrant shares i
• $29.950 — he PSP3 Warrants has been adjusted from $29.950 to $29.496, and the number of warrant s
• $29 — rants has been adjusted from $29.950 to $29.496, and the number of warrant shares i
• $1,000 — to 97.5929 shares of Common Stock per $1,000 principal amount of 2025 Notes, and the

Filing Documents

• save-20240222.htm (8-K) — 25KB
• 0001498710-24-000121.txt ( ) — 148KB
• save-20240222.xsd (EX-101.SCH) — 2KB
• save-20240222_lab.xml (EX-101.LAB) — 24KB
• save-20240222_pre.xml (EX-101.PRE) — 12KB
• save-20240222_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. Warrant Adjustments On April 20, 2020, January 15, 2021 and April 29, 2021, respectively, Spirit Airlines, Inc. ("Spirit") entered into the Warrant Agreements (as supplemented by the Warrants to Purchase Common Stock issued pursuant thereto, the "Warrant Agreements") with the United States Department of the Treasury ("Treasury"), concerning the issuance by Spirit to Treasury of warrants to purchase shares of Spirit's common stock, par value $0.0001 ("Common Stock"), in accordance with the terms of the respective Warrant Agreements pursuant to the PSP1 program (the "PSP1 Warrants"), PSP2 program (the "PSP2 Warrants") and PSP3 program (the "PSP3 Warrants" and, together with the PSP1 Warrants and PSP2 Warrants, the "Warrants"). On February 13, 2024, JetBlue Airways Corporation ("JetBlue") announced that it will pay $0.10 in cash per outstanding share of Common Stock on February 29, 2024 to Spirit's stockholders of record on February 23, 2024 as a prepayment of merger consideration, pursuant to the terms of that certain Agreement and Plan of Merger, dated as of July 28, 2022 (the "Merger Agreement"), by and among Spirit, JetBlue and Sundown Acquisition Corp. Accordingly, on February 22, 2024, Spirit announced an adjustment to the exercise prices and warrant shares of the Warrants. The exercise price in respect of the PSP1 Warrants has been adjusted from $11.568 to $11.393, and the number of warrant shares issuable upon the exercise of the PSP1 Warrants has been adjusted from 633,888.48 to 643,625.20. The exercise price in respect of the PSP2 Warrants has been adjusted from $20.065 to $19.761, and the number of warrant shares issuable upon the exercise of the PSP2 Warrants has been adjusted from 167,651.55 to 170,230.67. The exercise price in respect of the PSP3 Warrants has been adjusted from $29.950 to $29.496, and the number of warrant shares issuable upon the exercise of the PSP3 Warrants has been adjusted from 98,018.26 to 99,526.95.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: February 22, 2024 SPIRIT AIRLINES, INC. By: /s/ Thomas Canfield Name: Thomas Canfield Title: Senior Vice President and General Counsel

View Full Filing

View this 8-K filing on SEC EDGAR